Transportation asset management delivers efficient and cost-effective investment decisions to support transportation infrastructure and system usage performance measured in economic, social, health, and environmental terms. It can be applied at national, state, and local levels. This distinctive book addresses asset management for multimodal transportation, taking account of system component interdependency, integration, and risk and uncertainty. It sets out rigorous quantitative and qualitative methods for addressing system goals, performance measures, and needs; data collection and management; performance modeling; project evaluation, selection, and trade-off analysis; innovative financing; and institutional issues. It applies as easily to static traffic and time-dependent or dynamic traffic which exists on a more local level. It is written for transportation planners, engineers, and academia, as well as a growing number of graduate students taking transportation asset management courses.

World population growth and economic prosperity have given rise to ever-increasing demands on cities, transportation planning, and goods movement. This growth, coupled with a slower pace of transportation capacity expansion and deteriorated facility restoration, has led to rapid changes in the transportation planning and policy environment. These stresses are particularly acute for megacities where degradation of mobility and facility performance have reached alarming rates. Addressing these transportation challenges requires innovative solutions. Megacity Mobility grapples with these challenges by addressing transportation policy, planning, and facilities in a multimodal context. It discusses innovative short- and long-term solutions for meeting current and future mobility needs for the world's most dynamic cities by addressing the influence of urban land use on mobility, 3D spiderweb transportation planning, travel demand management, multimodal transportation with flexible capacity, efficient capacity utilization driven by new technologies, innovative transportation funding and financing, and performance-based budget allocation using asset management principles. It discusses emerging issues, highlights potential challenges affecting proposed solutions, and provides policymakers, planners, and transportation professionals a road map to achieving sustainable mobility in the 21st century. Zongzhi Li is a professor and the director of the Sustainable Transportation and Infrastructure Research (STAIR) Center at Illinois Institute of Technology (IIT). Adrian T. Moore is vice president of policy at Reason Foundation in Washington, D.C., with focuses on privatization, transportation and urban growth, and more. Samuel R. Staley is the director of the DeVoe L. Moore Center in the College of Social Sciences and Public Policy at Florida State University.

Transportation asset management delivers efficient and cost-effective investment decisions to support transportation infrastructure and system usage performance measured in economic, social, health, and environmental terms. It can be applied at national, state, and local levels. This distinctive book addresses asset management for multimodal transportation, taking account of system component interdependency, integration, and risk and uncertainty. It sets out rigorous quantitative and qualitative methods for addressing system goals, performance measures, and needs; data collection and management; performance modeling; project evaluation, selection, and trade-off analysis; innovative financing; and institutional issues. It applies as easily to static traffic and time-dependent or dynamic traffic which exists on a more local level. It is written for transportation planners, engineers, and academia, as well as a growing number of graduate students taking transportation asset management courses.

This book presents the select proceedings of the International Conference on Sustainable Infrastructure Development: Innovations and Advances (SIDIA 2020). The book addresses the issues of optimal resource allocation and utilization, construction cost minimization, budget optimization for infrastructure development in hilly terrain as well as plains, to ensure quality and safety with minimal environmental impact. The topics covered include planning, design and construction of sustainable infrastructure projects, policy and practices to be considered for the comprehensive development which is socially inclusive specifically in developing nations, transportation engineering and management which is performance-based and emerging economical models for partnerships, environment engineering and management for ascertaining the best methods for environmental impacts assessment to capture the true indirect costs of a infrastructure project, geotechnical and water resource engineering using new developments, and utilizing the various technological impacts for ensuring disaster preparedness of any region. This book can prove to be useful for beginners, researchers, and professionals interested in the latest advances and innovations in sustainable infrastructure development.

Efficient highway asset management that provides tools to facilitate a more organized, logical approach to achieve truly optimal investment decisions becomes increasingly important. Highway project evaluation and project selection are key steps in the investment decision-making process. This text introduces a generalized methodology for highway project evaluation that offers flexibility for the decision-maker to consider any combination of input factors such as project costs, traffic demand, and discount rates under certainty, risk or uncertainty in the estimation of project-level agency and user benefits. It could estimate the amount of benefits associated with project sub-level agency or user benefit items (if further separable) under certainty, risk or uncertainty in accordance with available information. It also proposes stochastic optimization models, along with an efficient solution algorithm, for project selection that explicitly address budget uncertainty. The new methodology and models can be adopted by transportation agencies to achieve globally optimal investment decisions.

Given the ever-increasing personal and commercial travel demands vis--vis limited resources, changes in public expectations, and extraordinary advances in technology, the task of providing transportation services becomes more critical than ever. Most recently, transportation agencies throughout the world are increasingly adopting a strategic approach, referred to as asset management, to make investment decisions for highway system preservation, expansion, and operation, based on comprehensive information and in a holistic and proactive way to achieve most cost-effective investment decisions. This text introduces a methodology for the development of an integrated highway asset management system that can be used as an analytical tool to support asset valuation, performance modeling, marginal benefit analysis, and multicriteria decision-making, including tradeoff analysis, as well as project selection and programming focusing on an entire highway system.